Park Hill Bike Depot

Analysis

Park Hill Bike Depot is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Park Hill Bike Depot reported income of $454k and spending of $408k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $616k to $454k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Park Hill Bike Depot sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include New York State Usbc Inc ($454k), Pajaro Valley Youth Soccer Club ($454k) and Cascadilla Boat Club Ltd ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $78k (19% of expenses). Other salaries and wages came to $233k. At year end it held assets of $153k against liabilities of $9,882, net assets of $143k. It reported 13 employees.